Torus wrote:I thought the whole idea of the share ethos was to encourage active participation in the site. This goes away from that. It is probably the case that no charity would accept shares that currently have no value. From a financial point of view far better to sell the shares when and if they have a value, then donate the proceeds via Gift Aid to the charity of your choice. At the moment you cannot transfer them to another individual or a Charity. I cant see why someone would want to create a further level of legal jargon into an already complicated structure therefore creating more work for the admin team and cost employing a solicitor to rewrite the articles. If and when they have a value would be a better time to discuss this.
As it would require a change to the articles. It would also require a vote at an AGM. No poll could be binding.
Much as it pains me to say so, but I have to agree with Torus on this one.
consider voting yes any way, in case one day the option to donate earnings is offered, despite that option being rejected last time it was mooted.
But at the moment I vote no.